Bank of America CEO Brian Moynihan said his firm now spends $3 billion a year on coding. Fintech was every banker’s buzzword at the World Economic Forum, as leaders of the world’s largest financial companies both touted the potential of new innovations and leaned on regulators to control the startups threatening parts of their business.

http://www.bloomberg.com/news/articles/2016-01-25/biggest-global-banks-at-davos-we-re-all-fintech-innovators-now